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Oil-to-telecom behemoth Reliance Industries (RIL) on April 30 posted 108% year-on-year (YoY) growth in consolidated net profit at Rs 13,227 crore for the quarter ended March 31, supported by 47.50% growth in the bottom line of the company’s telecom arm Reliance Jio. RIL had posted a profit of Rs 6,348 crore in the same period last year. Revenue of the company increased 11% YoY to Rs 1,54,896 crore.

The company announced its results post-market hour. Earlier, shares of the company settled 1.42% down at Rs 1994.45. On the other hand, the benchmark BSE Sensex settled 1.98% lower at 48,782.

Commenting on the results, Mukesh Ambani, chairman and managing director, Reliance
Industries said: “We have registered robust recovery in O2C and retail segment, and resilient growth in digital services business. Sustained high utilisation rates across sites and improvement in downstream product deltas, as well as transportation fuel margins, aided O2C earnings growth. Our consumer businesses have proved to be a digital and physical lifeline for the nation in these challenging times.”

Here are the other major takeaways from RIL’s Q4 earnings:

Jio Platforms: Net profit of Jio Platforms increased by 47.50% YoY to Rs 3508 crore in Q4FY21 against Rs 2379 crore in Q4FY20. Revenue from operations jumped 18.90% YoY to Rs 18,278 crore.

Reliance Retail: EBITDA jumped 41.45% YoY to Rs 3,617 crore from Rs 2557 crore. As a result, the EBITDA margin increased by 140 basis points YoY to 8.8%. “Reliance Retail delivers a resilient performance against the backdrop of an unprecedented and challenging operating environment, arising from the Covid pandemic situation that emerged at the start of the year,” RIL said. The company also highlighted that grocery hit its all-time high revenues with a strong double-digit growth Q-o-Q.

Oil to chemicals: Revenue from the segment increased by 4.49% YoY to Rs 1,01,080 crore. On the other hand, EBITDA declined marginally by 4.63%YoY to Rs 11,407 crore. “Sharp demand contraction in the first half of the year impacted growth for the year,” RIL said.

Oil and gas: Revenue jumped 36% YoY to Rs 848 crore. As result, the segment managed to report an operating profit of Rs 480 crore against an operating loss of Rs 46 crore in the same period last year.

Media business: The segment witnessed a 3.34% YoY drop in revenue from operations at Rs 1,415 crore. On the other hand, EBITDA increased to Rs 279 crore from Rs 225 crore YoY.

Bonanza to shareholders: The company also announced a dividend of Rs 7 for the financial year ended March 31.